Published on : Dec 20, 2017
Albany, New York, December 20, 2017: A new research report offering forecast and analysis on the automotive brake valve market has been added to the repository of Market Research Hub (MRH). The report offers detailed analysis on the key factors that are driving the global demand for automotive brake valves. According to the report titled “Automotive Brake Valve Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2022)”, the global automotive brake valve market is likely to grow at a CAGR of over 5% and reach US$ 4.5 Bn in revenues by 2022.
The automotive industry is in the midst of a transformation, with many OEMs focusing on integrating the next level of technologies in their offerings. There has been a steady increase in the technologies that have been adopted by end-users, and the automotive industry is investing into R&D to develop the next generation of vehicles. These advancements have also rubbed off on the automotive brake valve manufacturers, who are now focusing on developing innovative components to meet the evolving demands of end-users.
To give readers detailed insights, the report offers segment-wise analysis on the basis of product type, vehicle type, material type, sales channel, and region. On the basis of product type, the market has been segmented into metering, proportionating, pressure differential, hydraulic and combinational. By vehicle type, the market has been segmented into compact, mid-sized, premium, luxury, light commercial vehicles, and heavy commercial vehicles. By material type, the key segments include steel, copper, brass, and ‘others’. By sales channel, the key segments include OEM and aftermarket.
According to the report, metering brakes continue to gain traction among end-users, and remain one of the most lucrative segment. This segment is likely to grow at a healthy CAGR and account for nearly 30% revenue share of the market. In addition to metering brake valves, the demand for pressure-differential brake valves is likely to remain steady during the assessment period. By vehicle type, compact cars will remain one of the most dominant segments, with steady growth expected from booming car sales in many economies of Asia Pacific. There has been steady growth of the automotive market in Asia Pacific, and according to the report, the sales of automotive brake valves in APEJ will remain formidable during the assessment period. Europe will continue to be the second-largest market for automotive brake valves during the assessment period, and is likely to exhibit fastest expansion throughout the forecast period.
Some of the leading players profiled in the report include Denso Corporation, Federal-Mogul Holdings Corp., Knorr-Bremse AG, FTE Automotive GmbH, Hitachi Ltd., FUJI OOZX Inc., Continental AG, Mahle Group, Eaton Corporation Plc, and Delphi Automotive PLC.
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